DEN TJOUTER: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
DEN TJOUTER
Largest movements
- Tangible fixed assets -€17,748
down €17,748 (-19.1%), from €93,002 to €75,254
of which Plant, machinery and equipment: -€17,373
- Receivables within one year +€10,699
up €10,699 (+35.1%), from €30,521 to €41,220
- Cash +€4,813
up €4,813 (+475.6%), from €1,012 to €5,825
mainly Net result for the year (+€22,143) and Depreciation (+€20,734)
- Debts after one year -€32,651
down €32,651 (-69.4%), from €47,066 to €14,415
- Reserves +€22,143
up €22,143 (+83.6%), from €26,500 to €48,643
of which Distributable reserves: +€22,143
- Tax, wage and social debts +€3,666
up €3,666 (+231.4%), from €1,584 to €5,250
of which Taxes: +€3,781
- Current portion of long-term debt +€2,569
up €2,569 (+8.2%), from €31,281 to €33,850
- Staff costs -€9,176
down €9,176 (-98.8%), from €9,289 to €113
- Gross operating margin +€8,862
up €8,862 (+19.6%), from €45,271 to €54,133
- Depreciation -€3,850
down €3,850 (-15.7%), from €24,584 to €20,734
- Taxes +€2,901
up €2,901 (+314.3%), from €923 to €3,824
- Financial charges -€809
down €809 (-16.5%), from €4,910 to €4,101
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €131,562 | €128,502 | -€3,060 | -2.3% |
| Fixed assets | 21/28 | €93,095 | €75,347 | -€17,748 | -19.1% |
| Tangible fixed assets | 22/27 | €93,002 | €75,254 | -€17,748 | -19.1% |
| Land and buildings | 22 | €29,747 | €29,747 | = | 0.0% |
| Plant, machinery and equipment | 23 | €62,508 | €45,135 | -€17,373 | -27.8% |
| Furniture and vehicles | 24 | €747 | €372 | -€375 | -50.2% |
| Financial fixed assets | 28 | €93 | €93 | = | 0.0% |
| Current assets | 29/58 | €38,467 | €53,155 | +€14,688 | +38.2% |
| Stocks and contracts in progress | 3 | €6,934 | €6,110 | -€824 | -11.9% |
| Stocks | 30/36 | €6,934 | €6,110 | -€824 | -11.9% |
| Amounts receivable within one year | 40/41 | €30,521 | €41,220 | +€10,699 | +35.1% |
| Other amounts receivable | 41 | €30,521 | €41,220 | +€10,699 | +35.1% |
| Cash at bank and in hand | 54/58 | €1,012 | €5,825 | +€4,813 | +475.6% |
| Total equity and liabilities | 10/49 | €131,562 | €128,502 | -€3,060 | -2.3% |
| Equity | 10/15 | €39,415 | €61,558 | +€22,143 | +56.2% |
| Contributions | 10/11 | €7,605 | €7,605 | = | 0.0% |
| Reserves | 13 | €26,500 | €48,643 | +€22,143 | +83.6% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €24,500 | €46,643 | +€22,143 | +90.4% |
| Profit (loss) carried forward | 14 | €5,310 | €5,310 | = | 0.0% |
| Amounts payable | 17/49 | €92,147 | €66,944 | -€25,203 | -27.4% |
| Amounts payable after more than one year | 17 | €47,066 | €14,415 | -€32,651 | -69.4% |
| Financial debts | 170/4 | €47,066 | €14,415 | -€32,651 | -69.4% |
| Amounts payable within one year | 42/48 | €45,081 | €52,529 | +€7,448 | +16.5% |
| Current portion of amounts payable after more than one year | 42 | €31,281 | €33,850 | +€2,569 | +8.2% |
| Trade debts | 44 | €12,216 | €13,429 | +€1,213 | +9.9% |
| Suppliers | 440/4 | €12,216 | €13,429 | +€1,213 | +9.9% |
| Taxes, remuneration and social security | 45 | €1,584 | €5,250 | +€3,666 | +231.4% |
| Taxes | 450/3 | €1,469 | €5,250 | +€3,781 | +257.4% |
| Remuneration and social security | 454/9 | €115 | - | -€115 | |
| Non-recurring operating income | 76A | - | €2,986 | +€2,986 | |
| Remuneration, social security and pensions | 62 | €9,289 | €113 | -€9,176 | -98.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,584 | €20,734 | -€3,850 | -15.7% |
| Other operating charges | 640/8 | €3,326 | €3,314 | -€12 | -0.4% |
| Gross operating margin | 9900 | €45,271 | €54,133 | +€8,862 | +19.6% |
| Operating profit (loss) | 9901 | €8,072 | €29,972 | +€21,900 | +271.3% |
| Financial income | 75/76B | €5 | €96 | +€91 | +1820.0% |
| Recurring financial income | 75 | €5 | €96 | +€91 | +1820.0% |
| Financial charges | 65/66B | €4,910 | €4,101 | -€809 | -16.5% |
| Recurring financial charges | 65 | €4,910 | €4,101 | -€809 | -16.5% |
| Profit (loss) for the period before taxes | 9903 | €3,167 | €25,967 | +€22,800 | +719.9% |
| Income taxes | 67/77 | €923 | €3,824 | +€2,901 | +314.3% |
| Profit (loss) for the period | 9904 | €2,244 | €22,143 | +€19,899 | +886.8% |
| Profit (loss) for the period to be appropriated | 9905 | €2,244 | €22,143 | +€19,899 | +886.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.